Ark Invest Unloads Circle Stock: What’s Behind the Bold Move?
As the stock continued to rise after its IPO, Cathie Wood’s Ark Invest sold off $109.6 million worth of Circle shares across three of its exchange-traded funds on Monday. According to Ark Invest’s most recent trade filing, 415,844 shares of Circle were sold today.
- 306,921 shares of Circle were sold off by the ARK Innovation ETF (ARKK).
- 72,302 units of the ARK Next Generation Internet ETF (ARKW) were sold.
- 36,621 shares of the stablecoin issuer were sold off by the ARK Fintech Innovation ETF (ARKF).
Circle’s 600% Surge: Is CRCL the Hottest Crypto Stock of 2025?
Circle shares, which are traded under the ticker name CRCL, increased 9.6% to end at $263.45 on Monday, their third straight day of gains, according to Yahoo Finance statistics. Additionally, they saw a 2.7% gain in trading after hours. At one time, its market valuation surpassed that of Coinbase and USDC on the same day, reaching $68.9 billion.
Ark Invest’s most recent profit-taking comes after the stablecoin issuer’s June 5 launch on the New York Stock Exchange, when it bought 4,486,560 Circle shares. With an enlarged $1.1 billion IPO at $31 per share, Circle got into the market, giving investors an almost 600% return on their investment.
Circle Stock Surges as Senate Passes Landmark Stablecoin Bill
After a historic stablecoin bill was approved by the U.S. Senate last week, Circle’s stock price increased. The GENIUS Act, as it is now called, has been referred to the House of Representatives for additional review. In order to “get it to my desk” as soon as possible, President Donald Trump has urged the House to move the bill along quickly.
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